JB Hunt Trans Stock Price, News & Analysis

J.B. Hunt Transport Services (NASDAQ: JBHT) and BNSF Railway are collaborating to enhance intermodal service capacity. J.B. Hunt aims to expand its intermodal fleet to 150,000 containers within three to five years, representing over a 40% increase since 2021. This initiative responds to the rising demand for intermodal services and aims to improve efficiency and reliability. BNSF will also enhance facilities and railcar equipment, while both companies leverage technology to optimize operations and reduce carbon emissions.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced that its executives will speak at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 1:05 p.m. ET. Interested investors can access the live presentation through J.B. Hunt’s newsroom on their website. The conference will feature forward-looking statements from the company that include risks and uncertainties affecting anticipated results. An archived replay will also be available post-event on the company’s website.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will have key executives present at upcoming conferences: Citi's Global Industrial Tech and Mobility Conference on February 22 at 12:10 p.m. EST and Barclays Industrial Select Conference on February 23 at 10:55 a.m. EST. Investors can watch the live presentations via the company's Newsroom. A replay will also be available on J.B. Hunt's website post-event. The company emphasizes that actual results may vary from forward-looking statements due to unforeseen risks.

J.B. Hunt Transport Services (NASDAQ: JBHT) announced the acquisition of Zenith Freight Lines, a subsidiary of Bassett Furniture Industries (NASDAQ: BSET), for approximately $87 million. This deal enhances J.B. Hunt's furniture delivery capabilities and supports its Final Mile Services segment. Zenith generated $87 million in revenue in the fiscal year ending November 2021, with Bassett accounting for one-third of its business. The acquisition is expected to close by February 28, 2022, subject to customary conditions.

J.B. Hunt Transport Services declared a quarterly dividend of $0.40 per share, reflecting a 33% increase from the previous dividend amount. This dividend is scheduled for payment on February 18, 2022 to shareholders on record as of February 4, 2022. J.B. Hunt, a prominent player in North America's supply chain solutions, continues to demonstrate its commitment to returning value to shareholders through this dividend increase.

J.B. Hunt Transport Services (NASDAQ: JBHT) reported strong financial results for Q4 2021, achieving revenue of $3.50 billion (up 28%) and operating income of $322.5 million (up 55%). The diluted EPS reached $2.28, a 58% increase from $1.44 in Q4 2020. For the full year, revenue was $12.17 billion (up 26%) with an annual EPS of $7.14, compared to $4.74 in 2020. Key segments, including Truckload and Integrated Capacity Solutions, drove this growth. Total freight transactions in the J.B. Hunt 360 Marketplace increased by 27% to $593 million.

J.B. Hunt Transport Services has announced a long-term strategic alliance with Waymo Via to integrate autonomous driving technology in transportation and logistics. This partnership aims to enhance efficiency in North America's transportation network, with plans to implement fully autonomous transport in Texas over the next few years. The collaboration will involve multiple pilot programs, building on successful initial trials, and explore digital marketplace solutions through J.B. Hunt 360°, which processed 1.2 million loads in 2020.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) plans to release its fourth quarter 2021 earnings after market close on January 18, 2022. A conference call will follow from 4:00-5:00 p.m. CT to discuss results and address questions from investors. Participants can join by calling 1-833-360-0810 (domestic) or 470-495-0976 (international) with conference ID: 8876825. This announcement may include forward-looking statements; actual results could vary due to various factors. More information is available at www.jbhunt.com.